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Liberia

Liberia ranked No. 138 in total trade value through February with a total of $45.61 million. Exports totaled $35.23 million and Imports totaled $10.39 million, a surplus of $24.84 million.

January – February 2019

Top Trading Ports

Total Trade: $45.61 million

RankPortTotal YTD
1Port of Morgan City, La. $21,618,854
2Port of Virginia $10,207,333
3Port of Houston $3,573,805
4Port of Savannah, Ga. $1,579,153
5Port of New York $1,560,610
6Port of Lake Charles, La. $1,363,054
7Low-Valued Imports and Exports $1,352,958
8Port of New Orleans $892,105
9Port of Charleston $615,365
10Port of Newark $532,677

U.S. trade with Liberia rose to $45.61 million through February

Liberia’s trade with the United States rose to $45.61 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 32.66 percent above its total trade during the same time period last year. Liberia’s exports increased 35.44 percent while imports rose 24.02 percent. The U.S. surplus with Liberia was $24.84 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Morgan City, La.; No. 2 Port of Virginia; No. 3 Port of Houston; No. 4 Port of Savannah, Ga.; and No. 5 Port of New York. During the same period the previous year, the top five were No. 1 Port of Baltimore, Md. No. 2 Port of Virginia No. 3 Port of Philadelphia No. 4 Port of Morgan City, La. and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 84.49 percent of Liberia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Morgan City, La. rose 454.74 percent to $21.62 million.
    Exports rose 454.74 percent to $21.62 million. There were no imports.
  • Trade with No. 2 Port of Virginia rose 61.84 percent to $10.21 million.
    Exports fell 19.93 percent to $571,416. Imports rose 72.27 percent to $9.64 million.
  • Trade with No. 3 Port of Houston rose 78.3 percent to $3.57 million.
    Exports rose 78.3 percent to $3.57 million. There were no imports.
  • Trade with No. 4 Port of Savannah, Ga. fell 36.75 percent to $1.58 million.
    Exports fell 33.02 percent to $1.58 million. There were no imports.
  • Trade with No. 5 Port of New York rose 21.59 percent to $1.56 million.
    Exports rose 21.41 percent to $1.56 million. Imports totaled $2,312.

Liberia ranked No. 138 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 142.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Liberia by value through February were the categories of Taps, cocks and valves for pipes, tanks; Parts for heavy machinery; Wheat; Iron and steel containers, more than 300l capacity; and Worn clothing, other worn textile articles, respectively. They accounted for 46.91 percent of total exports to Liberia.

The value of the top five categories of U.S. imports from Liberia –– Rubber; Motor vehicle parts; Plasma, vaccines, blood; Diamonds, not mounted; and Palm oil –– accounted for 99.32 percent of all inbound shipments.

Looking more closely at U.S. exports to Liberia:

  • Taps, cocks and valves for pipes, tanks rose 8949.18 percent compared to last year to $7.36 million.
  • Parts for heavy machinery rose 758.28 percent compared to last year to $4.21 million.
  • Wheat totaled $1.81 million. The previous year, there were no exports in this category.
  • Iron and steel containers, more than 300l capacity rose 149.59 percent compared to last year to $1.67 million.
  • Worn clothing, other worn textile articles rose 31.21 percent compared to last year to $1.47 million.

Looking more closely at U.S. imports from Liberia:

  • Rubber rose 21.87 percent compared to last year to $9.94 million.
  • Motor vehicle parts totaled $137,638. The previous year, there were no imports in this category.
  • Plasma, vaccines, blood totaled $97,239. The previous year, there were no imports in this category.
  • Diamonds, not mounted totaled $77,980. The previous year, there were no imports in this category.
  • Palm oil rose 39.54 percent compared to last year to $62,925.

In the latest annual figures available, Liberia recorded $235.38 million in trade with the United States. At year’s end, its were Houston; Norfolk; New York City; New Orleans; and Atlanta/Savannah. Total U.S. exports to Liberia were $ 144.12 million and imports from Liberia were $91.26 million. The U.S. surplus with Liberia was $52.86 million.